Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Sunday, 25 February 05:51 (GMT -05:00)



Foreign exchange market

Bitcoin Exchange Rate Hits All-Time High


In late February, the exchange rate of Bitcoin, the world’s first and most popular crypto-currency, reached a new all-time high – 1 183,68 USD/BTC. This happened earlier in the morning, on February 24, at itNit, which is a New York-based exchange. A couple of hours before setting the all-time high, the exchange rate exceeded the $1000 threshold.

 

 

 

 
According to a number of experts, the key reason for setting the price record was positive sentiment exposed by traders. They believe that the SEC is very likely to approve the creation of the world’s first Bitcoin ETF in early March.
 
At the same time, experts say that since Bitcoin came into existence in 2008, the exchange rates has had a lot of ups and downs. This has been a real roller-coaster for the Bitcoin market. There were periods in the past when the BTC exchange rate was flat from months. Even despite the fact that Bitcoin has been a very volatile currency, experts indicate over 300 000 Bitcoin transactions made daily, and the number keeps on growing on a daily basis.
 
In case you don’t know, Bitcoin got quoted 12 months after it came into existence. Back then, on October 5, 2009, New Liberty Standard set the initial exchange rate at 1 USD per 1 309,03 USD. A curious thing happened on May 22, 2010. An American guy bought a pizza for 10.000 BTC. Back then it was $25. Now this is millions of dollars. On February 9, 2011, a historical thing for Bitcoin happened. Bitcoin reached parity with the U.S. Dollar.  On June 2, 1 BTC was equal to 10 USD. A week later, it skyrocketed to 31,91 USD.
 
Up until 2013, there was a standstill around 30 USD/BTC. On April 1, it jumped all the way up to 100 USD and even 266 USD a week later, but in late April the exchange rate crashed. In late November, it was over 500 USD and even over 1200 USD a week later. It was in late 2013 when everyone realized the importance and potential of Bitcoin.

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Bitcoin Exchange Rate Drops Below $9000

Earlier today, the BTC exchange rate continued its way down to new local lows. In particular, it temporarily dove below the psychological threshold of 9000 dollars per 1 BTC. According to Coinmarketcap, the current local low is 8720 USD/BTC.

Publication date: 02 February 03:41 AM

Skeptics Predict Bitcoin Crash

As the amount of Bitcoin users is growing like never before, the amount of Bitcoin skeptics is growing as well. They are warning us that Bitcoin is doomed to crash at some point in the future. There are respected investors among them, who think that the rapid growth of Bitcoin and other altcoins is dangerous to those investing in them.

Publication date: 26 January 03:51 AM

Muslims Are Forbidden to Trade and Mine Bitcoin

The Grand Mufti of Egypt Shawki Allam is reported to have issued the so-called fatwa (which means a ban on something) against cryptocurrencies. This means that Muslims can no longer trade or invest in Bitcoin or other cryptocurrencies. To be more specific, the Mufti thinks that trading cryptocurrencies is almost the same as gambling. Yet, gabling is strictly forbidden in Islam.

Publication date: 12 January 03:19 AM

Alpari’s Mobile App Gets Over 400K Users

Over the last few years, the amount of online traders using mobile apps has increased dramatically. The stats show that most of the time mobile forex traders choose mobile trading apps by Alpari, one of the biggest brokers in the international forex industry.


Publication date: 03 January 07:06 AM

Bitcoin Harms Natural Environment

 Today, only 1% of the global population is investing in cryptocurrencies.  However, mining those cryptocurrencies is something that all of us have to pay for. This is what Deutsche Welle thinks on the matter.

Publication date: 02 January 11:43 AM

Bitcoin May Trigger Another Major Financial Crisis

 Some experts say that Bitcoin and other cryptocurrencies may trigger another major financial crisis.

Publication date: 02 January 11:42 AM

Fort Financial Services ¬– World’s Best Forex Bonus Offer 2017

Masteforex-V Academy has recently announced the results of the annual contest named «World’s Best Forex Bonus Offer 2017». Fort Financial Services won the title as the forex broker occupying the first position in the corresponding rating by Masterforex-V Academy.

Publication date: 28 December 09:28 PM

Bitcoin Exchange Rate May Drop to Zero, Morgan Stanley Experts Say

Bitcoin may drop all the way down to zero dollars. This is what Morgan Stanley analysts led by James Faucette told Business Insider. Such a gloomy forecast for the world’s first and most expensive cryptocurrency to date showed up amid another major drop in its exchange rate. The thing is that Bitcoin dropped by 40% from 19K dollars all the way down to 11,8K dollars on December 22nd. 

Publication date: 26 December 12:21 PM

Bitcoin is Yet to Win Major Investors’ Trust

The first Bitcoin futures were finally launched in the USA. However, despite the fact that cryptocurrencies have already been recognized a part of the financial world, skeptics still don’t believe in them and anticipate a cryptocurrency market crash. 

Publication date: 25 December 05:49 AM

Alpari PAMM Service Gets Its Monthly Turnover Exceed $15 Billion

Most people prefer to keep their savings in a bank. They believe that despite those tiny interest rates they get paid, storing money in a bank account is way safer than anything else. The point is, we are talking about storing money while it’s wiser to invest money so that it could make even more money. For example, Europeans like to consider investing their money in various kinds of assets. They further spend their profits on some big purchases or education for their kids.

Publication date: 21 December 03:17 AM